Bridgepoint has today announced the successful pricing of the reset of Bridgepoint CLO I.
The €307.85 million transaction extends the investment period to 2031, while lowering the cost of capital of the original deal.
The reset attracted robust demand across the capital stack, reflecting sustained investor appetite for the disciplined approach Bridgepoint takes to investment and credit selection.
John Murphy, Partner and Head of Syndicated Debt at Bridgepoint Credit, commented:
"We are grateful for the sustained and strong support from our investor base. The reset of Bridgepoint CLO I, our debut CLO under the Bridgepoint platform, extends the reinvestment horizon out to 2031 on improved terms and gives us the scope to continue to apply our selective and patient approach to portfolio construction and management. Investors continue to back our credit selection through the cycle, and that is what we intend to keep rewarding."
With more than €20 billion of assets under management in corporate credit across the risk/reward spectrum, Bridgepoint Credit is one of Europe's most experienced credit managers. It focuses on three complementary investment strategies: Direct Lending, Credit Opportunities and Syndicated Debt.